With a projected annual revenue growth rate of 6.6% in 2019, the industrial transceiver market is likely to be driven by several unique factors closely related to the demand and revenue scenario of the global environment.
The most prominent of these factors include stringent regulatory demands, complex pricing structures, and very specific raw material and design requirements, but a new study from Future Market Insights also highlights the growing importance of strategic relationships between industrial transceiver manufacturers and suppliers. . A fragmented supply base affecting the global landscape.
The healthy growth prospects for the global industrial transceiver market are mainly attributable to the growing smart city projects worldwide. “With the recent increase in industrial automation, the demand for low-power, energy-efficient automation equipment continues to grow. This will remain one of the key factors driving the demand and revenue growth of the global industrial transceiver market,” said Chief Research Analyst.
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Power management applications present significant opportunities.
Application-based adoption of industrial transceiver technology will remain at a maximum in the area of applications related to power management. The report forecasts strong annual revenue growth for the Power Management Applications segment compared to other applications in Industrial Transceivers including EV, Renewable Energy, Smart Grid, Motor Control and Drive, Data Processing and Communications, Lighting, Automation.
Procurement of multimode industrial transceivers for increased speed
Among wavelength division multiplexing technology, single-mode industrial transceiver technology and multi-mode industrial transceiver technology, the latter brings multi-mode transmission and includes a larger core for superior functionality. The industry also favors the integration of multimode industrial transceiver technology over other technologies to facilitate the short-range requirements of network infrastructure.
The report states that the procurement of multi-mode industrial transceiver technology is more likely to accelerate in the next few years due to larger cores, driving the overall demand for multi-mode industrial transceivers in the global environment.
Latin America in the spotlight
With an outstanding presence as a leading provider of transceiver solutions in the industry, North America is likely to have the largest share of the industrial transceiver market in terms of revenue. The report also reaffirms Europe’s significant market value share in the coming years.
However, Latin America is poised to emerge as a very lucrative pocket for investors due to the widespread deployment of industrial automation-assisted equipment, particularly in data management and telecommunication sectors. This report predicts that the revenue of the industrial transceiver market in Latin America will grow significantly annually.
MEA has also positioned itself as a region with excellent growth potential in the industrial transceiver market over the next few years, owing to an increase in R&D projects in the field of renewable energy and an increase in the establishment of advanced power management projects.
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FMI conducts a thorough assessment of the competitive environment.
The report points out significant revenue shares of Texas Instruments Incorporated and Infineon Technologies AG in the industrial transceiver market. An extensive analysis of the key players operating in the global industrial transceiver landscape reveals the most prominent development strategies adopted by the leading players in the industrial transceiver sector.
In the report, FMI introduces some of the leading players competing in the global Industrial Transceiver sector to provide insights from a strategic perspective. Analog Devices, Inc. and AMS Technologies, the report includes Cisco Systems, Fujitsu Optical Components Limited, Finisar Corporation, Maxim Integrated, Huawei Technologies Co., Ltd., MaxLinear, Renesas Electronics Corporation, Microsemi, Nordic Semiconductor, ZTE Corporation and STMicroelectronics.
- Suppliers and manufacturers will continue to benefit from long-term contractual partnerships, which will further accelerate the company’s technological innovation efforts, ultimately supporting new product development and launch.
- As interest in product customization grows, we continue to add value to the existing portfolios of key players in the industrial transceiver market, helping them expand their existing customer base.
- It is expected that the majority of existing industrial transceiver solution providers will focus on providing specialized application-specific industrial transceiver solutions.
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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